Pantheon Macroeconomics

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  • Singapore ended 2025 strongly, with GDP growth accelerating to 5.7% in Q4, from 4.3% in Q3.
  • Manufacturing drove the uptick, led by pharmaceuticals and electronics exports…
  • …We think the headline was inflated by tariff-related front-loading that could fade in coming quarters.

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Keywords for: 6 January 2026 Emerging Asia Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence